AUD Trading Outlook (10-01-2013)

Australian Dollar (AUD) the AUD/USD is remaining locked in its recent trading range around the 1.0500 level. November Retail Sales fell -0.1% vs. 0.3% forecast and did dampen sentiment briefly in the Asian session. Relentless AUD/JPY support and strong US stocks are helping to support. Looking ahead, December Trade Balance forecast at 20.1bn vs. 19.6bn previously.

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